Core Insights - InnSuites Hospitality Trust (IHT) reported a consolidated net income before non-cash depreciation expense of $259,640 for the first fiscal quarter of 2025, indicating a positive financial performance [1] - The company experienced a total revenue increase to approximately $2.3 million, representing a 4% growth compared to the same period last year [13] - IHT's hotel operations have shown strong results, contributing to a solid start in the current fiscal year, with record revenues from both the Tucson and Albuquerque hotels [14][16] Financial Performance - Total consolidated fiscal first quarter net income remained positive at $86,598, reflecting the company's ongoing profitability [7] - The fiscal year 2025 marks the continuation of IHT's uninterrupted annual dividends for 54 years, with semiannual dividends paid on February 5, 2024, and anticipated for July 31, 2024 [10] Strategic Investments - IHT made a diversification investment in UniGen Power, Inc., a company focused on clean energy generation, which is expected to see increased demand due to the rise of electric vehicles and artificial intelligence [2] - IHT holds convertible bonds and warrants in UniGen, which could lead to an ownership stake of approximately 20% or more if fully exercised [2] Market Outlook - The management of IHT believes that the real estate held on its books is valued significantly below current market value, combined with the high profit potential from clean energy diversification, suggests a bright future for the company [3] - The travel industry, including IHT, continues to grow and thrive, indicating positive market conditions for the company's operations [8]

Financial Performance - Total revenue for the three months ended April 30, 2024, was $2,293,970, an increase of 3.98% compared to $2,205,956 for the same period in 2023[12] - Consolidated net income for the three months ended April 30, 2024, was $86,598, a decrease of 81.42% from $465,445 in the prior year[12] - Operating loss for the three months ended April 30, 2024, was $178,429, compared to an operating loss of $186,280 for the same period in 2023[12] - Total operating expenses increased to $2,115,541 for the three months ended April 30, 2024, up from $2,019,676 in the same period last year, marking a rise of 4.74%[12] - The company reported a net loss attributable to controlling interests of $148,550 for the three months ended April 30, 2024, compared to a net income of $236,608 in the prior year[12] - For the Fiscal Year ended January 31, 2024, total revenues increased to approximately $7.5 million, representing a 5% increase from the prior fiscal year's total of $7.1 million[139] - Net income attributable to controlling interests for the same period was $203,880, resulting in earnings per share of $0.02[139] Assets and Liabilities - Total assets decreased to $15,284,425 as of April 30, 2024, down from $15,680,367 as of January 31, 2024, representing a decline of 2.52%[10] - Total liabilities decreased to $12,721,028 as of April 30, 2024, compared to $13,025,455 as of January 31, 2024, a reduction of 2.34%[10] - Total current assets decreased to $2,578,124 as of April 30, 2024, down from $2,981,732 as of January 31, 2024, representing a decline of 13.47%[10] - The total present value of minimum lease payments was $2,249,072, with long-term obligations of $2,223,225[123] - The scheduled minimum payments of debt as of April 30, 2024, totaled approximately $9,655,916, including $9,185,916 in mortgages and $470,000 in other notes payable[104] Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were $437,343, down from $1,325,368 at the beginning of the period, reflecting a decrease of 65.92%[18] - The net cash used in operating activities was $(459,417) for the three months ended April 30, 2024, compared to $37,036 provided by operating activities in the same period last year[18] - The Trust had approximately $437,000 in cash and access to $2,250,000 in credit facilities, indicating sufficient liquidity for the next twelve months[32] - The Trust's liquidity is supported by hotel room reservation revenues and management fees, with a cash balance of approximately $437,000 as of April 30, 2024[28] - The Trust has a maximum borrowing capacity of $2,000,000 from a Demand/Revolving Line of Credit, which accrues interest at 7.0% per annum[30] Investments and Assets for Sale - As of April 30, 2024, InnSuites Hospitality Trust owns a 75.89% interest in RRF Limited Partnership, which manages two hotels with a total of 270 suites in Arizona and New Mexico[22] - The Trust's hotels are classified as operating assets but are available for sale, with management open to considering offers[24] - The Trust's investment in UniGen Power Inc. includes approximately $700,000 in note receivables and approximately $300,000 as the fair value of warrants, with a total investment of $1,000,000[71] - The Trust holds warrants to purchase up to 1,500,000 shares of UniGen Class A Common Stock, with exercise prices of $1.00 and $2.25 per share[69] - Upon conversion of the note receivable and exercise of all warrants, the Trust could own approximately 2.5 million UniGen shares, representing about 20% or more of fully diluted UniGen equity[70] Operational Insights - The Trust's principal source of cash is from hotel room reservations and management fees, with a focus on generating sufficient cash flow to meet financial obligations[28] - The Trust's revenue primarily comes from room rentals, food and beverage sales, and management fees, recognized as services are rendered[51] - The Tucson hotel experiences the highest occupancy in the first fiscal quarter, while the Albuquerque hotel is most profitable in the second and third fiscal quarters, indicating seasonal revenue fluctuations[41] - The Trust's operations are affected by seasonality, with the Tucson Hotel experiencing highest occupancy in the first fiscal quarter[41] Management and Governance - The Trust plans to change auditors and transfer agents in the second fiscal quarter of 2024[37] - The Trust has an employee equity incentive plan where independent Board members earn 6,000 fully paid restricted Shares per year, vesting over one year[58] - The Trust's management fees for the hotels are set at 5% of room revenue, with a monthly accounting fee of $2,000 per hotel[110] Advertising and Marketing - Advertising expenses for continuing operations totaled approximately $79,000 for the three months ended April 30, 2024, compared to $82,000 for the same period in 2023, reflecting a decrease of 3.66%[62] Credit and Risk Management - The Trust's maximum credit risk for accounts receivable is estimated at the amount recorded on the balance sheet, with low credit risk for cash and cash equivalents held in creditworthy institutions[63][64] - The Trust's management assesses credit risk for cash and cash equivalents as low, as funds are held in creditworthy financial institutions[63]

Phoenix, AZ, April 19, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE:IHT) IHT management announces Filing an S-3, allowing the potential to offer and sell up to 1,000,000 shares of IHT common stock, without par value ("Common Stock"), of the Company. The S-3 prospectus includes the details as it relates to shares of IHT Common Stock that may be offered and issued from time to time. The amount of gross proceeds received will depend upon the number of shares issued, and the market price of the Co ...

Phoenix, AZ, April 08, 2024 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE:IHT) reported continued strong annual results in Fiscal Year 2024, (February 1, 2023, to January 31, 2024), with Total Revenues increasing to approximately $7.5 million, which is an increase of from the same prior Fiscal Year total of $7.1 million. Annual Net Income Attributable to Controlling Interests was $203,880. Earnings Per Share based on this Net Income Attributable to Controlling Interest amount was $0.02. Consolidated ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (State or other jurisdiction of incorporation or organization) FORM 10-K ANNUAL REPORT ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended January 31, 2024. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-7062 INNSUITES HOSPITALITY TRUST (Exact name of registrant as specified in its charter) Ohio 34-6647590 (I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 2023 Commission File Number 1-7062 INNSUITES HOSPITALITY TRUST (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Ohio 34-6647590 (I.R.S. Employer Identification Number) InnSuites Hospitality Centre 1730 E. Northern Avenue, Suite 12 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (State or other jurisdiction of incorporation or organization) Ohio 34-6647590 (I.R.S. Employer Identification Number) InnSuites Hospitality Centre 1730 E. Northern Avenue, Suite 122 Phoenix, AZ 85020 (Address of principal executive offices) Registrant's telephone number, including area code: (602) 944-1500 Indicate by check mark whether the registrant: (l) has filed all reports required to be filed by Section 13 or l5(d) of t ...

INNSUITES HOSPITALITY TRUST (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2023 Commission File Number 1-7062 Registrant's telephone number, including area code: (602) 944-1500 Indicate by check mark whether the registrant: (l) ha ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K Commission File Number 1-7062 INNSUITES HOSPITALITY TRUST ANNUAL REPORT ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Ohio 34-6647590 (I.R.S. Employer Identification Number) InnSuites Hotels Centre 1730 E. Northern Avenue, Suite 122 Phoenix, AZ 85020 (Address of principa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 2022 Commission File Number 1-7062 INNSUITES HOSPITALITY TRUST (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Ohio 34-6647590 (I.R.S. Employer Identification Number) InnSuites Hotels Centre 1730 E. Northern Avenue, Suite 122 Pho ...